Westcoast-Wills-&-Estates-vancouver-logo-top

Westcoast Wills & Estates

Common Questions

Frequently Asked Questions

Westcoast Wills & Estates offers unparalleled service and is committed to providing each client with the personal attention that they need to successfully plan for their future.  The most important estate planning goals are protecting what you have earned and providing for the ones you choose.

Westcoast Wills & Estates’ central mission is to ensure that your estate plan accurately reflects your desires and safeguards your wealth.  Click on the following to find out more:

Q.  What are trusts and why are they useful?

  • A “Trust” is the description of a relationship where one person called the trustee holds assets for the benefit of someone else, called the beneficiary.  There can be more than one trustee and more than one beneficiary, and sometimes the trustee and beneficiary are the same person.  Technically speaking, the ownership of the assets in a trust are split, with the trustee owning the legal interest and the beneficiary owning the equitable (beneficial) interest.  The trustee has a fiduciary duty towards the beneficiary, which means that they must act in good faith and in the best interests of the trust.
  • Trusts can be useful for a broad variety of purposes.  Tax deferral, tax savings, administering assets for minor children and incapable adults, and protecting assets from potential claims by family members and future creditors are among the common purposes that people choose to establish trusts in the estate planning context.  Westcoast Wills can help you determine if a trust is right for you.

This website is strictly informational.  None of the information contained on this page is legal advice, and it should not be relied on.  Links on this webpage are not endorsements of any product.  Please see the complete terms of use of this website.

Westcoast Wills & Estates

 

604-230-1068

Email: info@westcoastwills.com

Lower Mainland Wills Lawyer

Reviews

Navigating the complex details

We have a great deal of gratitude for Mike for his patient and generous support of our mom, whist navigating the complex details of our father’s probate and estate details.  His expertise, coupled with his kind and gentle approach,  ensured Continue Reading

Yvonne, Vivian, Ralph H North Vancouver February 13, 2013

<< Prev
Next >>

Twitter